The process of analyzing sample data in order to draw conclusions ...

[james0929]

The process of analyzing sample data in order to draw conclusions about the characteristics of a population is called
 a. descriptive statistics.
   b. statistical inference.
   c. data analysis.
   d. data summarization.

Question 2

Given two decision makers, one risk neutral and the other a risk avoider, the risk avoider will always give a lower utility value for a given outcome.
 a. True
  b. False
  Indicate whether the statement is true or false

[chloejackso]

Answer to Question 1

b

Answer to Question 2

FALSE

[james0929]

Wow, this really help

[amit]

Thanks for the timely response, appreciate it